Former US ambassador says raising tariffs on China can lower inflation

Former US ambassador David Adelman said removing tariffs on imported Chinese goods would strip 1% of US inflation over time and restore confidence in the economy, which could help President Joe Biden at the ballot box. “Inflation will be the number one issue in the November US midterm elections,” Adelman told CNBC’s “Squawk Box” on … Read more

Black personal finance influencers focus on financial freedom

Troy Millings, left, and Rashad Bilal from Take Your Free Time Source: Spend your free time Social influencers focusing on financial education for the black community focus on the message of financial freedom on Juneteenth as the nation celebrates the end of slavery in the United States. “I definitely feel that commemorating Juneteenth should be … Read more

Top Wall Street analysts say to buy Apple and Bank of America

Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter DaSilva | Reuters It’s almost midway through the year, and there’s no end in sight to the stock market’s volatility. Investors, already suffering from sharp falls in stocks, got another surprise last week as the Federal … Read more

Here are three things the Fed did wrong, and still not right

View of the exterior of the Marriner S. Eccles Federal Reserve Building in Washington, D.C., June 14, 2022. Sarah Selbiger | Reuters After years of being a beacon to financial markets, the Federal Reserve suddenly finds itself at a loss as it tries to navigate the economy through a vicious bout of inflation and steer … Read more

Stimulus checks have reconnected how some Americans see money

Images Ciydemimages | E + | Getty Images For Dennis Diaz, the benefits of pandemic-era stimulus checks have far exceeded everyday dollars and cents. They rewire how you think about money. Diaz, a mother of three who lives outside of Orlando, Florida, received more than $10,000 from three rounds of “Economic Impact Payments.” It was … Read more

Microsoft has found that Generation Z is redefining the idea of ​​the bustle of work

Enga Kjeer | Phototech | Getty Images For decades, Microsoft associated itself with the traditional definition of office work, long hours in front of a computer, but now the corporate giant of Generation Z is finding Generation Z entrepreneurs disrupting ideas about workplace crowding and the traditional 9-5 day. Many recent college graduates of Generation … Read more

Commission says Ukraine should become a candidate for EU membership

European Commission President Ursula von der Leyen said Ukraine should be welcomed as a candidate country. Kenzo Tripuillard | Afp | Getty Images The European Commission on Friday recommended that Ukraine become a candidate for European Union membership – albeit on the grounds that the war-torn country is implementing a number of important reforms. The … Read more

China’s real estate problems have pushed the debt index to a record high

Fixed asset investment data for the first five months of 2022 showed a decline in real estate investment on a larger scale than during the first four months of the year. Pictured here on May 16th, a development in Huai’an City, east China’s Jiangsu Province. CFOTO | Future Publishing | Getty Images Rating agency Moody’s … Read more

The Bank of England raised interest rates for the fifth time in a row as inflation soared

LONDON – IN Bank of England On Thursday it carried out a fifth consecutive rate hike as it looks to rein in high inflation. The Monetary Policy Committee voted 6-3 to increase the bank rate by 25 basis points to 1.25%, with the three opposition members voting to increase the bank rate by 50 basis … Read more

The Federal Reserve raises interest rates, oil prices and currencies

SINGAPORE – Asia-Pacific markets rebounded on Thursday to track US stocks after the Federal Reserve raised benchmark interest rates by 75 basis points in a move equalizing Biggest rise since 1994. The positive moves came on the heels of markets faltering earlier this week after initial news of a strong move by the Federal Reserve … Read more